Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1887-05-27
SPRING FIELDS Rel ESTITE ROOM
-N IT HFgITHlS

SPRINGFTELD'S Rel ESTiTE ROOM
rs IT HEALTHY"
Springfield has a real estate boom
which is genuine and indisputable, and ii
is healthy There has never before been
known in this city anything like the extern
siye sales of building lots which are occurring
here, this spring. from week to week
either in the number OF lots sold OF IN the
prices. How are we 10 account for this
rather unexpected result? There has been
no organized effort 10 appreciate the appar-
ent values Of real estate. The demonstrated
fact is that large number of people wish
10 buy building lots in Springfield; that
they have the money to buy with. and
that they are using it 10 make purchases.
There has been no especial blowing
about the growth OF the city. Indeed.
there has been marked absence of any
thing of the sort. Great factories have gone
up, from foundation 10 cupola, and other
great factories have been greatly enlarged,
with very scant recognition from the press
of the city. Therefore. all must admit that
Vic - II
come of its own accord, and We must
concede, from the character of the buyers,
that it is founded on substantial ideas and
notions. II is a significant fact, too, that
many of these lots purchased are 10 be built
upon by buyers. Ii may be that this il
due, in part, TO the persuasive and sound
logic of the real estate men, a. shown in
their advertisements and paragraphs in the
REPU BIIC. which has convinced large
number of men that il is TO their interest Ia
buy and build rather than rent; but the fact
that several hundred new houses are 70 be
built in the near future. and that
new streets are TO be opened and built upon
far beyond the city limits. will not decrease
the value of city renting property but
rather appreciate it.
But let us look into the facts of the situa-
tion. Let any citizen take a west Main and
Clifton street car and 90 to East street. and
then walk out Champion avenue and take
look at the additions that have been made
10 the East street shops within year,
and bear in mind the TACT that
the five-storv building now occupied by
Messrs. +. W. Ross Il Co. is To be vacated
by this firm because il is needed for occu-
patton by the East street firm. II these ad-
ditions, built within a year, in the rear of
the East street shops, had been erected in
either Dayton, Nenia or Urbana. they
would have revolutiOniZed or crazed any
one of them.
Then the same is true of the new mallea-
BILE shops and the new knife and bar works,
both commenced within the year, at La
gonda. The walls of these buildings have
been going up very quietly, but they are
immense establishments and their erection
in either Cincinnati or Columbus would
have been an event on which the people Of
either city would have congratulated them
selves.
We have already repeatedly alluded to
the very large Ross building. to be occu-
pied by strong firm which has come here
from New York state, brought its own cap
ital and inventions and patents, bought
tract of land and erected a series of work
shops, with its own money. Then several
other manufacturing concerns have pur-
chased ground and are preparing to erect
very large shops. We know of at least
three of these. and there are opportunities
for securing the location of other foreign
industries in this city.
Then. in addition To several fine and
large business blocks and expensive man
SiOns that are TO be erected. this season,
the foundations will at least be laid. in
1857, for the new government building. the
Warder free library building and the city
hall and marke. house building.
These are doubtless among the reasons
why there is an unprecedented demand for
building lots We do not say this by way
of trying to nurse boom or stimulate
demand for real estate. but for the purpose
of giving a good reason for what has oc
CURED. Then. in connection with all this.
all must see that Springfield. with its beauty
of situation and its metropolitan features
extensive and completes city in which
il is most desirable to live.